NEW MOVE BY AMPOL

Press, Volume C, Issue 29680, 25 November 1961, Page 17

NEW MOVE BY AMPOL

Streamlining Of Transfers

(N-Z.P.A.-Reuter— Copyright) SYDNEY, Nov. 24. Ampol Petroleum. Ltd., is streamlining the procedure for the transfer of its stocks, shares and notes. The company is adopting the recommendation of the advisory committee of the Australian Stock Exchanges on the transfer of securities. Directors have called a special meeting of shareholders for January 19 to amend the company’s articles to allow this new method to be used. No Signature Under the new procedure, the signature of the buyer will not be required on the transfer forms. The seller only will sign the transfer, and will sign only one form for the total of each class of security sold Particulars of the buyei will be completed by the buying broker after he has received payment for the transaction. Ampol wants to introduce the new system from February 1 next year.

Gordon And Gotch Expect Good Year (N.Z. Press Assn.—Copyright) MELBOURNE, Nov. 24. Gordon and Gotch (Australasia), Ltd., advertising contractors, wholesale news agents and stationers, expect profit for the current year to be approximately equal to last year’s result. Direcors say, in today’s interim report, that sates for the six months particularly in paper and book subscriptions were lower. Interim dividend is held at 5d a share and is in line with last year’s distribution of lOd a share. It will be paid with the usual 4 per cent on preferences on December 22.